Biden Admin Targets Junk Fees, Fed's Pause and Your Savings, Worst States to Retire for Taxes

Biden's New Retirement Adviser Proposal Targets 'Junk Fees' | 75% of Holiday Travelers Are Cutting Back. Are You? | What the Fed's Rate Pause Means for Savings Created for {EMAIL} | [Web Version]( November 2, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Biden's New Retirement Adviser Proposal Targets 'Junk Fees']( [Biden's New Retirement Adviser Proposal Targets 'Junk Fees']( (Getty Images) The Biden administration has proposed a retirement security rule to ensure investment advisers prioritize [retirement savers']( interests over their own. Learn how this ["junk fee" rule]( could affect your relationship to retirement advisers. [] Travel [] [75% of Holiday Travelers Are Cutting Back. Are You?]( [75% of Holiday Travelers Are Cutting Back. Are You?]( (Getty Images) In a recent survey by Bankrate, a majority of U.S. adults who plan to travel in upcoming months said they are [modifying plans]( because of high inflation and rising prices. Consider our guidance on how to [save on your travel plans]( in retirement. [The Best Investment Of 2023 Is... Bourbon?]( The bourbon industry is booming. All across Kentucky rickhouses are being built at a record pace, but even with the expansion distilleries can't keep up with demand. Now, with CaskX you can profit from the bourbon boom by investing in barrels of bourbon from distilleries across the United States. [Request Access Now]( ADVERTISEMENT: [] Savings [] [What the Fed's Rate Pause Means for Savings]( [What the Fed's Rate Pause Means for Savings]( (Getty Images) The Federal Reserve decided to [hold interest rates steady]( for the second consecutive time at its most recent policy meeting. While inflation is down from its 9% peak last summer, it's not at the Fed's desired 2%. Here's [what the Fed's decision means]( for savings rates. [] Taxes [] [10 Worst States To Retire in if You Hate Paying Taxes]( [10 Worst States To Retire in if You Hate Paying Taxes]( (Getty Images) Taxes are a key factor in where to put down roots in your golden years. High [property taxes]( and taxes on traditional types of retirement income, like Social Security, pensions, and distributions from a 401(k) or IRA, make [these states more expensive than most]( for many retirees. [The Best Investment Of 2023 Is... Bourbon?]( The bourbon industry is booming. All across Kentucky rickhouses are being built at a record pace, but even with the expansion distilleries can't keep up with demand. Now, with CaskX you can profit from the bourbon boom by investing in barrels of bourbon from distilleries across the United States. [Request Access Now]( ADVERTISEMENT: Featured Content Sponsored Content from Kiplinger Retirement Report [Don't run out of money in your retirement.]( Get a [FREE ISSUE]( of Kiplinger Retirement Report for proven ways to safeguard your savings against taxes and inflation, maximize Social Security and Medicare benefits, preserve and protect your estate, make the right move with your 401(k), IRA, RMDs, get the best health care and insurance at the best price, and much more. [CLICK HERE]( [] Shopping [] [20 Secrets to Shopping at Costco]( [20 Secrets to Shopping at Costco]( (Getty Images) A Costco membership opens doors, quite literally, to a vast selection of bulk-size groceries and household goods selling at [discounted prices](. Here's how to make the most of a membership to [stretch your retirement dollars](. [The Best Investment Of 2023 Is... Bourbon?]( The bourbon industry is booming. All across Kentucky rickhouses are being built at a record pace, but even with the expansion distilleries can't keep up with demand. Now, with CaskX you can profit from the bourbon boom by investing in barrels of bourbon from distilleries across the United States. [Request Access Now]( ADVERTISEMENT: [] 401(k)s [] [How to Save Yourself and Your 401(k) From Rising Taxes]( [How to Save Yourself and Your 401(k) From Rising Taxes]( (Getty Images) What many [401(k) savers]( may not realize is that, depending on the standard of living you hope to maintain, your taxable income won't necessarily be reduced in retirement. Cole Cjagkoski, investment adviser, explains how to [minimize the tax hit]( that could be headed your way. ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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